Approval under section 35(1)(ii) conditions institutional research funding benefits, requiring separate accounts and annual audited returns. Approval under section 35(1)(ii) is granted to Sri Jayadeva Institute of Cardiology as an 'Institution' subject to conditions: maintain a separate account for scientific research receipts; furnish an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May each year; and submit by 30th June each year audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income tax (Exemptions).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) conditions institutional research funding benefits, requiring separate accounts and annual audited returns.
Approval under section 35(1)(ii) is granted to Sri Jayadeva Institute of Cardiology as an "Institution" subject to conditions: maintain a separate account for scientific research receipts; furnish an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May each year; and submit by 30th June each year audited annual accounts showing income, expenditure, assets and liabilities to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant Commissioner/Director of Income tax (Exemptions).
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